This is ‘Yuan’ way to reach the overseas market – Baidu and PayPal in partnership – by Andrew Goodfellow

In an effort to catch fellow tech giants Alibaba and Tencent this deal between Baidu and PayPal will allow the firm to grow their payment coverage overseas and will no doubt see China’s Singles Day revenues rocket even further. I’m sure the average Chinese shopper would welcome the move away from being tied to mobile wallet payments in a country that isn’t that taken with our old ‘flexible friend’ the Credit card.

- Andrew

 

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